Devon Energy offloaded 1.76 million WaterBridge Class A shares at $30.05 each, fully exiting its indirect Class A position.
Devon Energy Corp sold 1,755,174 Class A shares of WaterBridge Infrastructure LLC for $52.7 million on June 22, 2026, according to an SEC Form 4 filing. The transaction was priced at a weighted average of $30.05 per share, reflecting a full exit from its indirect Class A holdings.
The shares originated from the redemption of WBI Operating LLC units and the cancellation of an equal number of Class B shares, converted to Class A shares under Rule 144. Devon Energy retained no direct holdings but maintains 16,002,051 Class B shares and equivalent operating units, convertible to Class A shares.
The sale represents 100% of Devon Holdco’s indirect Class A position, with future liquidity dependent on conversions from remaining Class B units.